What is the Montana Economics Challenge?
Every year, the Montana Council for Economic Education, with support from the National Council for Economic Education, host the Economics Challenge Program. The Challenge is an opportunity for students to demonstrate their knowledge of Economic Literacy by competing with other students across the state in online examinations. Student participants receive cash prizes, awards, and accolades.
There are three divisions in the Economics Challenge:
- Adam Smith: For returning competitors, AP, IB, and honors students.
- David Ricardo: For first-time competitors with no more than one course in economics.
How does the challenge work?
Teams of 3-4 students will have 35 minutes to complete a 30-question online exam covering a broad variety of economic principles.
Students earn 10 points for every correct response and 0 points for each incorrect answer. Every question must be answered to move on, and students are not able to go back to previous questions.
Winners are announced on the Monday following the challenge.
There will be a cash prize for the top three teams in each division:
- 1st Place: $500 per team
- 2nd Place: $250 per team
- 3rd Place: $100 per team
State Finals Awards:
Winners from the state championships will represent Montana in the national competition.